Laserfiche WebLink
L. Public Information <br /> In all news releases and other public notices related to the Project funded under <br /> this HOME Agreement, the Agency shall include information identifying the <br /> source of funds as the Snohomish County HOME Investment Partnerships <br /> Program. <br /> M. HOME Match Requirements <br /> HOME matching contribution requirements of 24 CFR §§ 92.218-92.222 apply <br /> to HOME funds. HOME requires an annual non-Federal match of 25% of total <br /> HOME funds expended program-wide. Match includes cash, assets, services, <br /> labor and other resources that are permanently contributed to the County's <br /> HOME Investment Trust fund and are not used as match for other Federal <br /> programs. The Project is expected to generate eligible match contributions but <br /> is not required to have a 25% match of HOME funds. <br /> III. PROJECT REQUIREMENTS <br /> The Agency will manage the Project so that the funding provided under this <br /> Agreement shall be in full compliance with the limitations contained in the HOME <br /> Regulations. The Agency will maintain records, which records shall be available <br /> for inspection by the County and HUD at the times and as provided in Section V- <br /> B-4 of Exhibit A hereof, demonstrating that assistance provided to each and every <br /> homeowner has been made in compliance with those limitations and the limitations <br /> described below. <br /> A. Minimum and Maximum Per-Unit Subsidy Amounts <br /> 1. A minimum of $1,000 in HOME funds must be invested in each HOME- <br /> assisted housing unit. <br /> 2. The total amount of HOME funds invested on a per-unit basis may not <br /> exceed the per-unit dollar limits established under section 221(d)(3)(ii) of <br /> the National Housing Act (12 U.S.C. § 17151(d)(3)(ii)) for elevator-type <br /> projects for the area in which the housing is located, or in the event that <br /> HUD approves an increase up to 240 percent of the original per unit limits <br /> for the area, may not exceed said HUD-approved limits. The County has <br /> provided the Agency with the current maximum per-unit subsidy limits for <br /> the Snohomish County area. HUD updates these maximum per-unit <br /> subsidy limits periodically and Snohomish County will provide updated limits <br /> to the Agency upon receipt of this information from the Seattle HUD Field <br /> Office. <br /> Exhibit A <br /> HCS-19-42-1801-198 <br /> City of Everett <br /> Page 10 of 24 <br />